ECOFEN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ECOFEN
Largest movements
- Cash +€15,016
up €15,016 (+109.5%), from €13,715 to €28,731
mainly Net result for the year (+€15,474) and Other debts (+€4,711)
- Receivables within one year +€9,440
up €9,440 (+1108.3%), from €852 to €10,292
of which Trade receivables: +€5,939
- Tangible fixed assets -€917
down €917 (-51.2%), from €1,792 to €874
of which Furniture and vehicles: -€519
- Profit (loss) carried forward +€15,474
up €15,474 (+750.9%), from €2,061 to €17,535
- Other debts +€4,711
new in 2025: €4,711
- Trade debts +€2,922
up €2,922 (+139.3%), from €2,098 to €5,020
- Advances received +€2,644
new in 2025: €2,644
- Tax, wage and social debts -€2,212
down €2,212 (-21.7%), from €10,200 to €7,988
of which Remuneration and social security: -€6,800
- Gross operating margin +€28,244
up €28,244, from -€7,043 to €21,201
- Taxes +€4,588
new in 2025: €4,588
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,359 | €39,897 | +€23,539 | +143.9% |
| Fixed assets | 21/28 | €1,792 | €874 | -€917 | -51.2% |
| Tangible fixed assets | 22/27 | €1,792 | €874 | -€917 | -51.2% |
| Plant, machinery and equipment | 23 | €802 | €404 | -€398 | -49.6% |
| Furniture and vehicles | 24 | €989 | €470 | -€519 | -52.5% |
| Current assets | 29/58 | €14,567 | €39,023 | +€24,456 | +167.9% |
| Amounts receivable within one year | 40/41 | €852 | €10,292 | +€9,440 | +1108.3% |
| Trade receivables | 40 | €598 | €6,537 | +€5,939 | +993.2% |
| Other amounts receivable | 41 | €254 | €3,755 | +€3,501 | +1379.5% |
| Cash at bank and in hand | 54/58 | €13,715 | €28,731 | +€15,016 | +109.5% |
| Total equity and liabilities | 10/49 | €16,359 | €39,897 | +€23,539 | +143.9% |
| Equity | 10/15 | €4,061 | €19,535 | +€15,474 | +381.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,061 | €17,535 | +€15,474 | +750.9% |
| Amounts payable | 17/49 | €12,298 | €20,362 | +€8,065 | +65.6% |
| Amounts payable within one year | 42/48 | €12,298 | €20,362 | +€8,065 | +65.6% |
| Trade debts | 44 | €2,098 | €5,020 | +€2,922 | +139.3% |
| Suppliers | 440/4 | €2,098 | €5,020 | +€2,922 | +139.3% |
| Advances received on contracts in progress | 46 | - | €2,644 | +€2,644 | |
| Taxes, remuneration and social security | 45 | €10,200 | €7,988 | -€2,212 | -21.7% |
| Taxes | 450/3 | - | €4,588 | +€4,588 | |
| Remuneration and social security | 454/9 | €10,200 | €3,400 | -€6,800 | -66.7% |
| Other amounts payable | 47/48 | - | €4,711 | +€4,711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792 | €917 | +€125 | +15.8% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | -€7,043 | €21,201 | +€28,244 | |
| Operating profit (loss) | 9901 | -€7,835 | €20,218 | +€28,053 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.7% |
| Financial charges | 65/66B | €221 | €156 | -€65 | -29.3% |
| Recurring financial charges | 65 | €221 | €156 | -€65 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,053 | €20,062 | +€28,115 | |
| Income taxes | 67/77 | - | €4,588 | +€4,588 | |
| Profit (loss) for the period | 9904 | -€8,053 | €15,474 | +€23,527 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,053 | €15,474 | +€23,527 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.